Ballarpur Industries Limited — Others, 26-05-2025: Resignation

Ballarpur Industries Limited has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025, with the auditors issuing a modified opinion. The company postponed approval of consolidated financial results for several quarters and the previous year, with a new date pending. The board approved issuing 57 lakh noncumulative redeemable preference shares worth INR 57 Cr to Finquest Financial Solutions Private Limited. CFO Hardik B. Patel resigned and was replaced by Anil M. Mehta, a Chartered Accountant with over 20 years of experience. Company Secretary Punit A. Bajaj also resigned, effective end of June.